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20121201
20121231
Search Results 0 to 9 of about 10 (some duplicates have been removed)
's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the priva
the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major economic trauma to get them to poex. >> other things have been on the table. i want to talk to our viewers a
." thanks for that. coming up next, the u.s. economy is on the verge of taking off but this fiscal cliff mess could get in the way. how much? what can we expect in 2013 with or without a deal? aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe
this? lawmakers put a band-aid on the problem and the u.s. lost its aaa crediting rating. i've warned you over and over about the economic storm headed our way partly because of europe and this fiscal lif, but i've also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable, but every day washington fails to make a deal, more damage is being doing. john king, ken rogoff and diane swan, chief economist at mezaro financial. john, right now, this is more politics than the economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the presid
doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a bipartisan agreement. at some point in the negotiating process, it becomes obvious when the other side is intentionally demanding concession
. >> stephen, talk to me about this. the fact is we do think the entrepreneur as heroic in the u.s. how do you square that circle? >> i think the backbone is the entrepreneur. i think republicans have to make this connection with workers that, you know, if you hurt the businesses who are hurting jobs, i don't think they've done a good job of doing that. i certainly agree that health care is a big issue. i kind of agree with david that republicans have kind attacked the obama idea. i think reasons have to a very robust alternative that might be rejected in the years ahead. >> the problem is alternatives are lacking. criticism is in abundant supply. so, david, what do we do? where do the ideas come from? where is the well that republican party should be looking at for the new ideas? >> the republican party has to rebuild a lot of their ideas about the budget. you know what, on health care, for example, obama care is a fact. it is a fact. and its -- that's what this election decided it is not going to go away. so any republican idea about how maybe there will be a better way to do it or maybe we
. the fact is we do think the entrepreneur as heroic in the u.s. how do you square that circle? >> i think the backbone is the entrepreneur. it's the person who sets out the shingle and employs work eers. i think republicans have to make this connection with workers that, you know, if you hurt the businesses, you are hurting jobs. i don't think they've done a good job of doing that. i certainly agree that health care is a big issue. i kind of agree with david that republicans have kind attacked the obama idea. they haven't been forthright about what they want to do to fix these things. health care is a perfect example. i think republicans have to have a very robust alternative to obama care because that might be rejected in the years ahead. >> the problem is alternatives are lacking. criticism is in abundant supply. so, david, what do we do? where do the ideas come from? where is the well that republican party should be looking at for the new ideas? the criticism alone didn't work. >> the republican party has to rebuild their idea generating apparatus. the republican party had a lot of fis
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Search Results 0 to 9 of about 10 (some duplicates have been removed)

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